Overview of Paakusaido Akashi (パークサイド明石)
Paakusaido Akashi (パークサイド明石) is a 45-year-old condominium located at Akashishi Daimei Kokuchou 1 Choume 11-1 (明石市大明石町1丁目11-1), Hyogo, Japan. Built in 1981, it comprises 76 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi , Ritsu Kensetsu (新井組、 立建設).
Pricing & Floor Plans
Based on 80 past listings, prices have ranged from 470〜3,090万円 (approx. $31,333–$206,000 USD at ¥150/$).
Unit sizes range from 18.7–91.4 sqm (201–984 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.5万/sqm (approx. $1,701/sqm or $158/sqft).
Location & Neighborhood
The property is located at Akashishi Daimei Kokuchou 1 Choume 11-1 (明石市大明石町1丁目11-1), Hyogo, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 76 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
Analyze this property's fair price and negotiation room for free at RE:public.